Inflation controls yields which control cost of business which controls growth. Fed has been playing puppeteer pretty well since '09 but I'm tipping they're losing tricks up their sleeve. Their last hope is letting inflation play itself out, keep cash rates at 0 and let the yield curve run very steep but roads, bridges, hospitals etc don't fund themselves on 90d bank bills. Something has got to give. China offloading their USD treasuries would be catastrophic.
Inflation controls yields which control cost of business which...
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Last
2,983.7 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XSO (ASX) Chart |